Venezuela's Supreme Court says Guaido's status invalid
As one of the world's major oil companies, PDVSA opened accounts in many large banks, including global ones.
The US intelligence community is directly communicating with members of Venezuela's military in attempts to convince them to abandon beleaguered President Nicolas Maduro while also considering additional sanctions to ramp up the pressure, a senior White House official divulged to Reuters.
Opposition leader Juan Guaido, recognized by some 50 countries as Venezuela's interim president, warned the military on February 10 that blocking humanitarian aid from entering the country is a "crime against humanity".
There are more than 8 million barrels of Venezuelan crude idling all over the Gulf of Mexico in an area that stretches from US coast to the Yucatan Peninsula in Mexico, according to cargo-tracking and market intelligence company Kpler. The move forms a key part of his strategy to topple Maduro and install an interim government that would call new elections. "But we stress that no new accounts were opened and are planned to be opened in the bank", the spokesman said.
The minister said US sanctions meant Venezuela had lost $20 billion in revenues. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.
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"U.S. exercises kidnapping of resources around the world".
Somewhat dodging the question about when the "free and fair" elections - so craved by some foreign states and others who believe Nicholas Maduro "usurped" power amid the oppositions' boycott of last year's polls - might take place, Guaido refused to name any specific dates. Europe also has said it could impose financial sanctions to bar Maduro from having access to oil revenue coming from the region.
Sanctions created to deprive Maduro of oil revenue have left an armada of loaded oil tankers off Venezuela's coasts that have not been discharged by PDVSA's customers due to payment issues.
India is set to emerge as Venezuela's preferred customer due to the nation's willingness to pay for crude in cash, as opposed to sales to China that are supplied via oil-for-loans agreements, according to Sushant Gupta, director of Asia-Pacific refining at Wood Mackenzie Ltd.
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